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Sunday, November 08, 2020 10:27:19 AM
I continue to ask the question:
If the shipments beginning in July for the one product were such blow out numbers, why did management feel compelled to write forward looking guidance in the 2Q 10Q?
If the shipments beginning in July for the one product were such blow out numbers, why can't the 3Q numbers stand on their own without any fwd looking guidance that we received.
What it tells me, simply, is, that something new HAS happened, indeed, but without any order of magnitude expressly stated in the management commentary, it is clear that the outcome or results were seen on June 30 clearly were under-performing or underwhelming, and they wanted to prepare the shareholders for a report showing promise, but no real significant revenues.
Bottom line, the management commentary of June 20 was written to state "HANG ON, SHAREHOLDERS, things happening, but don't get OVER EXCITED". There is no seismic shift.
This should be obvious to any reader.
As always, just my opinion, but the PPS is bearing me out: NO BLOW OUT HERE, but HOLD ON
I will gladly eat my words later when there is real bacon on the table, but, until then, I refuse to eat the other stuff that's being served, including a very telling flimsly running management commentary.
Words mean NOTHIN: Numbers mean EVERYTHING.
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